In the same way that trade was the driving force behind the journeys of discovery that were undertaken by Diaz and Da Gama, it is still the main reason why people travel from one place to the other. One group disposes of products/services that the other group needs to acquire. Regular communication between the groups facilitates the execution of the trade transactions.
Transport takes place by road, sea or air. The central trading centres are located in large cities, and for that reason the main transport routes are between these cities.
Activity 1:
To indicate the most important air-routes
[lo 1.5]
Visit a travel agency in your town and ask for a map of the world that indicates the most important air-routes. Redraw the main air-routes according to the map of the travel agency in red on your own map. Find a map of the major sea-routes in your atlas and draw those routes in orange on your map. Finally, make a list of the most important cities that are points of departure and points of arrival on these routes.
World map
Activity 2:
To indicate information on a map of south africa
[lo 1.5]
Draw a map of South Africa and fill in the following (use the correct map symbols):
four important seaports
railway line from Cape Town to Johannesburg
four important airports
the most important domestic air-routes
Activity 3:
To make a decision on the transportation of goods
[lo 1.4]
You are in charge of an export company in Durban. You have to dispatch the following merchandise to their destinations. You and your export team must decide on the best means of transport for the merchandise:
100 dozen roses from Bloemfontein to Sydney, Australia;
10 tons of scrap-metal from Johannesburg to New York.
Assessment
Learning Outcomes(LOs)
LO 1
GEOGRAPHICAL ENQUIRYThe learner will be able to use enquiry skills to investigate geographical and environmental concepts and processes.
Assessment standards(AS’s)
We know this when the learner:
selects and records relevant information from sources for specific purposes (including recording and observing in the field);
locates relevant places on maps using latitude and longitude (degrees and minutes);
uses information to propose solutions to problems;
1.5 reports on enquiries, through discussion, debate, structured writing, graphs, tables, maps and diagrams.
Questions & Answers
differentiate between demand and supply
giving examples
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product